Patterson Companies Inc (PDCO)
Return on equity (ROE)
| Apr 30, 2024 | Apr 27, 2024 | Apr 30, 2023 | Apr 29, 2023 | Apr 30, 2022 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 185,931 | 185,931 | 207,557 | 207,557 | 203,210 |
| Total stockholders’ equity | US$ in thousands | 1,001,140 | 1,001,140 | 1,118,540 | 1,117,540 | 1,042,640 |
| ROE | 18.57% | 18.57% | 18.56% | 18.57% | 19.49% |
April 30, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $185,931K ÷ $1,001,140K
= 18.57%
Patterson Companies Inc's return on equity (ROE) has shown relatively stable performance over the analyzed period. The ROE ranged from 18.56% to 19.49%, indicating a consistently strong ability of the company to generate profits from shareholders' equity. Despite a slight decrease in the most recent year, the ROE remains at a commendable level, reflecting efficient utilization of equity to generate earnings. Patterson Companies Inc's consistent performance in maintaining a solid ROE signifies effective management of assets and financial leverage to drive profitability and create value for shareholders. Overall, the company's stable ROE demonstrates a sound financial position and efficient operational performance.
Peer comparison
Apr 30, 2024